BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Saudi prince cancels investment in Iran following political rift

Billionaire Saudi Prince Alwaleed bin Talal said Tuesday he had stopped considering any projects or investments in Iran, amid a Tehran-Riyadh diplomatic row.

Alwaleed did not elaborate the details of the cancelled investment plans, Sputnik reported.

Saudi Arabia severed diplomatic relations with Iran on Sunday after its embassy in Tehran was stormed by protesters. The attack was triggered by the Sunni-ruled kingdom's execution of a prominent Shiite cleric.